What was the total revenue for Cicis in 2023?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
2,423,224 | 1,102,712 | | Total liabilities and members' capital | $ 6,806,925 | $ 7,254,259 |
Combined Statements of Income Years Ended December 31, 2024 and 2023
| 2024 | 2023 | |
|---|---|---|
| Revenue: | ||
| Marketing fees | $ 17,505,781 | $ 17,219,322 |
| Franchise royalties and technology fees | 14,276,030 | 14,105,892 |
| Technology and support fees | 260,000 | 93,700 |
| Franchise fees | 72,368 | 57,395 |
| Incentive income from vendors | 680,337 | 758,680 |
| Marketing income from vendors | 9,752,184 | 9,123,662 |
| Total revenues | 42,546,700 | 41,358,651 |
| Expenses: | ||
| Marketing general and administrative costs | 26,147,519 | 25,000,069 |
| Other general and |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 58–64)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, the total revenue for Cicis in 2023 was $41,358,651. This figure is broken down into several components, including marketing fees of $17,219,322, franchise royalties and technology fees of $14,105,892, technology and support fees of $93,700, franchise fees of $57,395, incentive income from vendors of $758,680, and marketing income from vendors of $9,123,662.
For a prospective franchisee, understanding the revenue streams is crucial. Marketing fees and franchise royalties constitute a significant portion of the total revenue, indicating the importance of these aspects in Cicis's business model. The additional revenue from vendors highlights successful partnerships that benefit the brand.
In 2023, Cicis's expenses totaled $35,509,796, which included marketing general and administrative costs of $25,000,069 and other general and administrative expenses of $10,509,727. After accounting for other income, net of $10,850, Cicis reported a net income of $5,859,705 for the year. These figures provide a comprehensive overview of Cicis's financial performance and can help potential franchisees assess the financial health and stability of the franchise system.